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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: joe who wrote (2095)	10/23/1998 7:58:00 PM
From: MskiHntr	Read Replies (1) \| Respond to of 39683

Good evening, Joe, sorry to respond to your post so late. With the market so antsy I'm thinking of a close stop 1/8 under the last reaction low which was around 30 3/16, if my memory is correct, on Oct 21st. William O'Neill suggests a level of 8% below your entry point. Mine entry was 32 3/8; X .08 = 2.59, take away from 32 3/8 equates to approx. 29 3/4. As COMS has pretty good volatility and the market appears to want to pull back a skosh, I'm comfortable with these suggested levels --29 3/4 to 30 1/16. Best, Joe